February 2019 Greater Greenville Real Estate Market

FEBRUARY 2019 Greater Greenville Real Estate Market – January 2019 saw a sharp decrease of 33.7 percent in the total number of units sold between December 2018 and January 2019. However, there was a 1.3 percent increase in the Average Sold Price.

Existing-home sales in the South dropped 1.0 percent to an annual rate of 2.08 million in January, down 8.4 percent from last year. The median price in the South was $214,800, up 2.5 percent from a year ago.

Comparison Stats for JANUARY 2018 / 2019:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
JANUARY 2018 57 814 $231,359
JANUARY 2019 65 655 $242,462
Percentage -/+ +14% -19% +4.7%

National Real Estate Market

According to the National Association of Realtors®, Existing-Home sales experienced a minor drop for the third consecutive month in January. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month. Total existing-home sales decreased 1.2 percent from December to a seasonally adjusted annual rate of 4.94 million in January. Sales are now down 8.5 percent from a year ago (5.40 million in January 2018).

NAR’s chief economist, Lawrence Yun, points out that the market is still suffering from an inventory shortage. “In particular, the lower end of the market is experiencing a greater shortage, and more home construction is needed…”

Read more

February 2019 Greater Greenville Real Estate Market - NAR Existing-Homes Dales January 2019

February 2019 Greater Greenville Real Estate Market - NAR January 2019 Housing Snapshot


All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted.

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

January 2019 Greater Greenville Real Estate Market

December 2018 Greater Greenville Real Estate Market

December 2018 Greater Greenville Real Estate Market – our local real estate market showed an decrease in the Number of Units Sold (-2.3%) and Average Sold Price (-4.1%) from October to November 2018. Not surprising considering this was the start of the holiday season.

The Average Sold Price from October 2018 ($240,984) increased by 4.6 percent in November 2018 ($229,748).

 

Comparison Stats for November 2017/2018:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
November 2017  53 990 $ 225,992
November 2018  50 1062 $ 229,748
Percentage -/+ -5.6% +7.2% +1.6%

National Real Estate Market

Despite the fact that pending home sales saw a 0.7 percent drop in November and the current government shutdown, National Association of Realtors® chief economist, Lawrence Yun believes that there are good longer-term prospects for home sales.  He states: “Home sales in 2018 look to close out the year with 5.3 million home sales, which would be similar to that experienced in the year 2000. But given the 17 million more jobs now compared to the turn of the century, the home sales are clearly underperforming today. That also means there is steady longer-term growth potential.”

Read more

December 2018 Greenville SC Real Estate Market - NAR Existing-Home Sales November 2018

December 2018 Greenville SC Real Estate Market - NAR November 2018 Housing Snapshot


All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted.

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

December 2018 Greater Greenville Real Estate Market

May 2018 Greenville SC Real Estate Market

The National Association of Realtors® reported that after moving upward for two straight months, existing-home sales nationally retreated in April on both a monthly and annualized basis. All four major regions (South, West, Midwest, & Northeast) saw no gain in sales activity last month.

The Greenville SC Real Estate market was no exception. A comparison between March and April 2018 shows a decrease of 4.9 percent in the number of units sold and a very slight decrease of 0.8 percent in the Average Sold Price. However, from April of last year, both the number of units sold and the Average Sold Price has increased as shown in the numbers below.

April 2018 Existing Homes Sales

Comparison Stats for April 2017/2018:

 Greenville SC Avg DOM # Units Sold Avg Sold Price
April 2017 60 1035 $218,732
April 2018 55 1148 $234,704
% Inc/Decrease -8.3% +10.9% +7.3%

Caesars Head State Park

At 3,208 feet above sea level, Caesars Head State Park is a granitic gneiss outcropping atop the Blue Ridge Escarpment.

From this dramatic ledge, safely behind a strong fence, you have a panoramic view of the Blue Ridge Mountains and surrounding country, which includes (as seen in the accompanying photo) Table Rock State Park and Table Rock Reservoir.

LEARN MORE ABOUT GREENVILLE

National Real Estate Market

May 2018
“This Month in Real Estate”

Knowing the current real estate market conditions can help you decide if you want to list your property or if it is a good time to buy.

This short video from KW® Realty highlights the most recent real estate market conditions in the US as of May 2018.

*Video by KW® Realty.

*All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted. 

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

April 2018 Greenville SC Real Estate Market

The National Association of Realtors® reported that although March showed a 1.1 increase in homes sales, nationally homes sales are 1.2 percent below a year ago.

The Greenville market in comparison shows an 8 percent increase in  home sales between the 1st Quarter 2017 and 2018, as well as a 3 percent increase in home sales in March. The Greenville market continues to expand!

2018 Infographic from NAR.

Comparison Stats for March 2017/2018:

Greenville SC Avg DOM # Units Sold Avg Sold Price
March 2017 61 1168 $212,397
March 2018 61 1208 $236,628
% Inc/Decrease 0% +3.4% +11.4%

Comparison Stats for 1st Quarter 2017/2018:

Greenville SC Avg DOM # Units Sold Avg Sold Price
1st Quarter 2017 63 2663 $208,754
1st Quarter 2018 60 2894 $234,223
% Inc/Decrease -4.7% +8.6% +12.2%

National Real Estate Market

April 2018
“This Month in Real Estate”

Knowing the current real estate market conditions can help you decide if you want to list your property or if it is a good time to buy
This short video from KW® Realty highlights the most recent real estate market conditions in the US as of April 2018

*Video by KW® Realty.

*All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted. 

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

Greater Greenville Real Estate Market | September 2017

One of the fastest growing cities in the country!

The Greater Greenville Real Estate Market

The Greater Greenville real estate market is doing well with an increase of more than 8 percent in the average sold price and number of units sold from August 2016 and August 2017. The current median list price of homes for sale is $259,900.

According to FortuneBuilders.com the “Greenville real estate market has taken today’s recovery and run with it. As a result, Greenville is now recognized as one of the fastest growing cities in the country. The local housing market is no exception. In the last three years, homes have appreciated an impressive 17.1 percent. However, in the last year alone, appreciation jumped from a modest 2.6 percent to today’s 6.6 percent. While appreciation has tempered, just like the rest of the United States, it is still heading in a positive direction…Price gains appear to be sustainable.” Read more…

Greenville SC comparison stats for AUGUST 2016/2017:

Avg DOM # Units Sold Avg Sold Price
August 2016 53 1154 $210,660
August 2017  47 1250 $ 229,014
% Inc/Decrease -11.3% +8.3% +8.7%


Greater Greenville Real Estate Market
*All information/graphs from the Greater Greenville Association of Realtors® or The National Association of Realtors®.

KW® Luxury Homes International

We are very excited to announce a newly formed partnership… KW Luxury Logo

CAROLINA MOUNTAIN REAL ESTATE (CMRE) and KW® Luxury Homes International, a division of Keller Williams® Realty.  As an independent real estate company specializing in the listing and selling of premium properties within The Cliffs Communities, we at CMRE are constantly looking for innovative ways to strengthen and broaden our marketing efforts and increase the exposure of the tremendous values in real estate that exists within The Cliffs®.

This new alignment with KW® Luxury Homes allows us access to the best technology, marketing tools, and education available in the industry.  But, above all, we were sold on the commitment the KW® Luxury Homes International division has placed in assembling a network of luxury agents around the country that will provide a pipeline of highly qualified prospects looking for their retirement home or mountain getaway in the upstate of South Carolina.  We feel privileged be a part of this group of which only 1,400 agents across the country have earned the KW® Luxury designation.

In addition, we will be able to tap into the pool of over 85,000 Keller Williams® Realty agents worldwide; we feel confident that this collaboration will translate into more visits, tours, and purchases for the unique properties of The Cliffs®.

About Us

Carolina Mountain Real Estate is a boutique real estate firm where every decision is centered on developing personal relationships based on honesty, integrity and real estate professionalism. We offer a seasoned sales and listing staff with a combined total of 50+ years of experience.

Contact Us

3598 Highway 11, Suite 108
Travelers Rest, SC 29690
 
 

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